Parry-Romberg Syndrome Market | Which is Expected Grow at a Steady CAGR Of ~7.8% | World Major Key Players Profile | Forecast to 2023

November 2418:572017

Parry-Romberg Syndrome Market

Market Research Future has a half cooked research report on the global Parry Romberg syndrome market. Parry-Romberg Syndrome Market is Expected Grow at a Steady CAGR Of ~7.8% by 2023

According to the National Organization for Rare Disorder, Parry-Romberg syndrome is a rare and acquired disorder, which slowly shrink the skin and tissues of half of the face in most of the cases. In rare cases, both sides of the face are affected. In some cases, it may also affect the limbs usually on the same side of the body.

According to the Department of Economic and Social Affairs Population Division, globally, the number of adults aged over 60 years were 841 million in 2013, which increased the patient population of eye related diseases. Moreover, poor diet and lack of exercise have fuelled the prevalence of neurological disorders, which propels the market growth. However, high cost of the current treatment methods and lack of improved diagnosis methods may slow the growth of the market.

The global Parry-Romberg syndrome market is expected grow at a steady CAGR of ~7.8% during the forecasted period.

The global Parry Romberg syndrome market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

America accounts for the largest Parry-Romberg syndrome market owing to constantly increasing patient population of skin diseases, eye diseases, neurological disorder, and increasing government support for research.

Europe holds the second position in the market due to increasing development and more focus on healthcare domain. Countries such as Germany and France are investing more in research & development to develop new treatment methods for various skin diseases and eye disorder.

Asia Pacific is expected to be the fastest growing region for Parry-Romberg syndrome market. Increasing geriatric population, rising healthcare expenditure, and increasing prevalence of skin diseases drives the growth of the market. Moreover, developing countries such as India are focusing more on research & development by investing more in healthcare, which will boost the market growth.

On the other hand, the Middle East & Africa owns the least share of the Parry-Romberg syndrome market. The Middle East & Africa is expected witness the least market share due to less development in healthcare services such as new and advanced diagnosis & treatment methods in healthcare domain.

Segmentation

The global Parry-Romberg syndrome market is segmented on the basis of diagnosis, treatment, and end users.

On the basis of diagnosis, the market is segmented into physical examination, MRI, serum test, and other.

On the basis of treatment, the market is categorized into drug treatment, surgery, and others. Drug treatment is further segmented into methotrexate, corticosteroids, cyclophosphamide, and azathioprine, and other. Surgery segment is sub-segmented into orthognathic surgery, microsurgical reconstructive surgery, and others.

On the basis of end user, the market is segmented into hospitals & clinics, physical therapists, and others.

Europe accounts for the second largest Parry-Romberg syndrome market across the globe owing to increasing government support for research & development, and increasing investment in healthcare. The countries such as France, and Germany investing in the healthcare to develop new diagnosis and treatment methods for rare diseases, which will boost the market growth. As per Organization for Economic Co-operation and Development (OECD), the share of GDP to health spending in Germany was 11.0% in 2013, compared with a share of GDP was up from 10.8% in 2012, which is responsible for the growth of the market in this region.

Asia Pacific has the fastest growing market, increasing government support for research & development, increasing prevalence of skin diseases, eye related diseases, and huge population base and rapidly developing economy drives the growth of the market in this region. Developing countries in this region are focusing more in the development of healthcare domain for instance country such as India.

The Middle East & Africa is expected to show the least market share due to less availability of medical facilities, and less development in healthcare domain.